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Thailand Forecasts 30 Million Foreign Tourists in 2023


webfact

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2 hours ago, webfact said:

The Tourism Industry Council of Thailand predicted to see more than 30 million tourists traveling to Thailand throughout 2023, pumping 3 trillion baht into the country’s economic circulation

More predictions from TAT, almost daily now.

Tomorrow we'll have how much they're going to spend.

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2 minutes ago, spidermike007 said:

This time it is from the TIC. The tourism industry council. Prior to this article, likely only a few hundred people ever heard of their existence. Much ado over nothing. 

TIC, TCT, TAT, sound, like the name of a game show. C'mon down and play TIC TCT TAC. 

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1 minute ago, spidermike007 said:

Spot on. The highly selective shutdowns, which favored army cronies, and punished the common man were cruel and very unnecessary. Remember the prohibition on beer and wine in restaurants? As if every glass of wine contained covid. 

 

You cannot shut down the entire tourism industry for nearly 2 years, decimate the nightlife, hotels, restaurants and countless related businesses, engage in a very poorly planned vaccination program, create a climate of fear and panic, and then just expect because you open your doors again, tens of millions will flood in. The world does not work like that. Thailand is NOT the center of the known universe. It is becoming less relevant by the minute.

 

Tourists are forgetting Thailand. Thailand needs foreigners 100x more than they need Thailand. 

 

At the risk of sounding pantomimish.....Oh yes they can!

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2 hours ago, nigelforbes said:

I think they must use a forecast model that extrapolates the figures today and projects them forward, without regard to much of anything other than arrivals. We should be careful, they might just turn out to be right.

 

But the other things you mentioned clearly are not influencing factors, leadership repression (whatever that is) and bent cop publicity, almost certainly won't affect tourist arrivals. Remember 2010 when there were tanks and snipers on the streets? Tourist arrivals took a quick hit but they bounced right back.

 

The factors, I think, that might come into play later in the year are 1) recessionary spending  2) cost of travel 3) climate. If the Baht holds about 32, the Baht will be fair value, if it strengthens below that, there will probably be losses relative to how much it strengthens.

I thought they consulted a crystal ball

 

Edited by findlay13
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3 minutes ago, koolkarl said:

If these naive tourists bothered to check the toxic, cancer causing air quality everywhere,

they certainly wouldn't go to Thailand. 

Apparently you've never been to China, Shenyang and the Pearl River Delta are certainly more polluted than Thailand.

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